#AMD - Chart / Predictive Analysis ... Conditionally Bullish ...

Currently trading at 4.17, bullish conditions are developing in #AMD. Solid support built at 4.05; significant resistance at 4.82.

Pattern traders might recognize the nascent Shark with potential to link into 5-0 pattern if and when 4.82 target is hit.

OVERALL: A bullish market conversion already occurred per our analysis. Current development includes a potential positive divergence, which remains pending. Once complete, a high-probability rally opens up to levels defined overhead.

... 4.05 makes for a solid support right now, and if breached, a pattern projection of the H&S you proposed could find eventually support right at 3.50 via classic neck extension. Time will tell as always - David Alcindor